|Day's Range||136.13 - 137.70|
|52 Week Range||86.25 - 137.70|
|PE Ratio (TTM)||16.74|
|Dividend & Yield||3.32 (2.44%)|
|1y Target Est||N/A|
Improvement in AUM and low equity market volatility will support investment managers' performance in Q2 earnings.
Higher interest rates will likely boost Ameriprise Financial's (AMP) margin in Q2, thereby improving top line.
Asset managers did not plan properly or have clear procedures for valuing their property funds under stressed market conditions such as those in the aftermath of Britain's June 2016 vote to leave the European Union, the UK's markets watchdog said on Thursday. Several property funds were suspended after the vote as a wave of investors tried to pull their money out amid speculation that Brexit would hit commercial property prices. The Financial Conduct Authority (FCA) examined the sector's responses and published its findings on Thursday, saying property funds should take external events into account as part of their planning for possible market squeezes.